politics

Democrats and Republicans fully differ on whether Trump’s tariff policies help or harm the economy if implemented like he says

Anyone with good, informed takes on this?

working on farcaster infrastructure @ /neynar, neynar.com  🪐   /rish 

Tariffs will always raise prices domestically. It is a protectionist policy to help struggling domestic industries from global competition.

Chasing Curiosity. Empathetic Accelerationist. Founding Fullstack Engineer @icebreaker. YC S16, KB7. 
icbk.me/tayyab.fc

what’s the take on his claim that lower taxes will solve for higher prices?

Taxes are lowered for the wealthy because we have progressive taxes. 

Tariffs outsize affect the poor.

Exactly. The tax impact is absurdly regressive

The unspoken logic of Trump's tariff-for-tax swap is pure redistribution.

The light blue bars show the Trump tax plan creates bigger gains for the rich. He pays for this with tariffs—the dark blue bars—which raise the cost of living for all households in roughly equal measure. https://t.co/7t6199bUWR

Justin Wolfers

Exactly. The tax impact is absurdly regressive https://x.com/JustinWolfers/status/1851626679690510722?t=065L5m7b5vkHqDIbJAQ1mQ&s=19

@a16zcrypto • Harvard/HBS • 🧩 • QED

Sad thing is people don’t understand how tariffs work. The ones that do are the special interests groups protecting their industries :/